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NNPCL, marketers clash over subsidy, operators peg petrol at N1,200/litre

The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed again...

The Long Wait For Nigeria’s Oil Refineries Continues

Nigerians have once again been given false hope about the return of the Port Harcourt refinery to full operational capacity. In December 2023, the Minister...

Minister anticipates 2 million barrels per day crude oil production in 2024 

by Omono Okonkwo The Minister of State for Petroleum Resources, Heineken Lokpobiri has said that he anticipates a crude oil production of 2 million barrels per...

FIRS boss tasks foreign shipping companies on compliance with Nigeria’s tax laws

Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has urged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s...

NUPRC constitutes committee to address inactive oil blocks

By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has constituted a committee to address issues bordering inactive crude oil blocks and reverse the...

FUEL SUBSIDY IS A CABALRIAM SCAM

In the sixties, seventies, and eighties, Nigerians used to have different grades of premium motor spirits called PMS, otherwise known as petrol. And each...

Nigeria’s NNPC winding down crude oil swap contracts, CEO says

ABUJA, June 4 (Reuters) - Nigeria's state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for...

Autogas stalls as NNPC, marketers bicker over N500b debt, pro rated fuel cost 

This is coming as the Federal Government’s autogas plan, piloted by the NNPCL and expected to have led to at least two million gas-fired...

Subsidy removal: NLC to begin nationwide strike Wednesday

THE Nigeria Labour Congress (NLC) is to commence a nationwide strike on Wednesday, June 7, if the Federal Government fails to reverse the reverse...

Dangote refinery will contribute significantly to Nigeria economy growth- MOMAN

By Yusuf Yunus Mr Clement Isong, Chief Executive Officer(CEO), Major Oil Marketers Association of Nigeria (MOMAN), says Dangote Refinery through its production and ancillary industries...

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